Production games, core deficit, duality and shadow prices

• Autorzy: Sjur Didrik Flåm
• Języki publikacji: EN

Abstrakty

EN

Considered here are production (or market) games with transferable utility. Prime objects are explicitly computable core solutions, or somewhat "deficit" versions of such, fully defined by shadow prices. Main arguments revolve around standard Lagrangian duality. A chief concern is to relax, or avoid, the commonplace assumption that all preferences and production possibilities be convex. Doing so, novel results are obtained about non-emptiness of the core, and about specific imputations therein.

Kategorie tematyczne

• 90C47: Minimax problems
• 91A12: Cooperative games
• 90C26: Nonconvex programming, global optimization

• Wydawca: Institute of Mathematics Polish Academy of Sciences
• Czasopismo: Banach Center Publications
• Rocznik: 2006
• Tom: 71
• Numer: 1
• Strony: 103-114

Daty

wydano

2006

Twórcy

autor

Sjur Didrik Flåm

• Department of Economics, University of Bergen, Hermann Foss gt. 6, 5007 Bergen, Norway

Identyfikatory

DOI

10.4064/bc71-0-8